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Dec 30, 2012
12/12
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part of the fiscal cliff is that congress has not done the doc-fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are talking about payments to medicare providers fallen by 27% if nothing is done in the fiscal cliff action going on. --, while i have you, i want your thoughts -- how much of that sentiment are you seeing out there? guest: a see a lot of it. as a grass-roots organization, we hear from people all across the country. we talk about reducing deficits and having a responsible budget for 20 years. this is actually, it will you go over the cliff and nothing changes, the largest single day of the deficit reduction in world history. it is $600 billion in deficit reduction trust by the turn in the calendar. over the long
part of the fiscal cliff is that congress has not done the doc-fix, which is indexed the reimbursement rates on medicare. a 27% reduction and general one if it is not reduced. that means any health care provider providing health care to patients on medicare will have to reduce their services. it will be fixed or attractively, if not before. host: that is the health care law, the charts -- "the new york times" talks about what happens immediately in terms of tax increases. they are...
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Dec 27, 2012
12/12
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cliff? guest: a $1 trillion budget deficit we have been running annually, that is unsustainable. something needs to be addressed. the shrinking of the time. we have, one has to get something done quickly and then a grand bargain as to get done in the springtime to fundamentally address the long- term budget deficit. but we have to get over the short-term obstacle. we're not looking for any specifics related to whether it should be government spending cuts, tax increases, but one thing we are very mindful of is that some politicians have been discussing a mortgage interest deduction as a revenue source. we are opposed to that. 7500 homeowners will be impacted by that. we are aware of that being on the table. host: when you talk of a grand bargain later on, if you are looking at the short term fix and then a grand bargain later on, the mortgage interest deduction could go away. would the realtors fight that deduction? guest: i don't think it will go away. it always comes on the table every dec
cliff? guest: a $1 trillion budget deficit we have been running annually, that is unsustainable. something needs to be addressed. the shrinking of the time. we have, one has to get something done quickly and then a grand bargain as to get done in the springtime to fundamentally address the long- term budget deficit. but we have to get over the short-term obstacle. we're not looking for any specifics related to whether it should be government spending cuts, tax increases, but one thing we are...
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Dec 28, 2012
12/12
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cliff. what did we do? electioneering. it was all about waiting until the election is over. when the elections become more important than governing the country, you get into the trouble we are in. it is not just wild spending. it is not just tax loopholes. it is about governing and fiscally managing things as you go along. it does not just have to be in the white house. it has got to be in congress as well. >> given the frustrations you have voice, if a grandchild said they want to go into politics, would you rejoice? >> i would be straightforward with them. when i decided i wanted to run for governor, somebody asked me if my skin was thick enough. i said, sure. i would encourage them to do it. there are bumps in the road and historical changes we have all seen and they will continue to happen. i predict longer-term there will be more independent-minded people who want to work together to get things accomplished. the bipartisan word will ultimately have more application. i was amused harry r
cliff. what did we do? electioneering. it was all about waiting until the election is over. when the elections become more important than governing the country, you get into the trouble we are in. it is not just wild spending. it is not just tax loopholes. it is about governing and fiscally managing things as you go along. it does not just have to be in the white house. it has got to be in congress as well. >> given the frustrations you have voice, if a grandchild said they want to go...
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Dec 31, 2012
12/12
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if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an entire year's debate about it. they made a clear decision about the approach they prefer, which say balanced, responsible package. they rejected the notion that the economy grows best from the top down. they believe the economy grows best from the middle class out and at a certain point, you know, it is very important for republicans in congress to be willing to say we understand we're not going to get 100%, we are willing to compromise. >> if a deal can get through the democratically controlled senate it will put pressure on the republican-cro -- controlled house to vote it through
if we can get that done, that takes a big bite out of the fiscal cliff. it avoids the worst outcomes. >> in the upper house, the senate, sunday the leadership of both parties is putting together a watered-down deal to assure that taxed on americans making less than $200,000 per year don't go up. the president expressed both sides will have to accept compromise. >> there is a basic fairness at stake in this whole thing that the american people understand and they listened to an...
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Dec 27, 2012
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cliff? guest: a $1 trillion budget deficit we have been running annually, that is unsustainable. something needs to be addressed. the shrinking of the time. we have, one has to get something done quickly and then a grand bargain as to get done in the springtime to fundamentally address the long- term budget deficit. but we have to get over the short-term obstacle. we're not looking for any specifics related to whether it should be government spending cuts, tax increases, but one thing we are very mindful of is that some politicians have been -- >> we're going to go now to andrews air force base with air force one burning president obama back. he is in route to the white house today after celebrating christmas in hawaii with his family. he is returning early from his holiday to address to andrews air issues of the fiscal cliff. speaker boehner said that the senate must act first. senators are in session right now. there is the plane landing. this is live coverage on c-span. [captioning perfor
cliff? guest: a $1 trillion budget deficit we have been running annually, that is unsustainable. something needs to be addressed. the shrinking of the time. we have, one has to get something done quickly and then a grand bargain as to get done in the springtime to fundamentally address the long- term budget deficit. but we have to get over the short-term obstacle. we're not looking for any specifics related to whether it should be government spending cuts, tax increases, but one thing we are...
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Dec 28, 2012
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days before the fiscal cliff where we go off. the president should have held what i would call a slumber party and have him, the congressional leadership, and the cabinet locked in a room, bringing their materials and say we will stay and have a summer party and bring this thing out before everyone can go >> i think they need to lock themselves in a room and just bang this whole thing out. >> we're going to hear from john calling from maryland, just outside of d.c. on the republicans' line. what do you think? >> i don't care for what they are doing. my question to you, the fiscal cliff negotiations, i have not heard one person say anything about eliminating foreign aid to these countries to pay off or debt. that has to be trillions of dollars. >> adrian is on the line in iowa on the democrats line. go ahead. >> hello. i just want to say obama -- they should do what the obama says he is the president of the united states. obama should -- they should listen to obama and go ahead and do the fiscal cliff automatic. because if they pa
days before the fiscal cliff where we go off. the president should have held what i would call a slumber party and have him, the congressional leadership, and the cabinet locked in a room, bringing their materials and say we will stay and have a summer party and bring this thing out before everyone can go >> i think they need to lock themselves in a room and just bang this whole thing out. >> we're going to hear from john calling from maryland, just outside of d.c. on the...
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Jan 1, 2013
01/13
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what are your thoughts about the fiscal cliff? caller: it is a waste of time. they need to get into session and vote. start getting something done. let's go. they're just piddling around too long. they do not have anything settle debt. i mean, you know. host: how would you like to see the boat go? guest: at this point it does not matter. host: here come the democrats live coverage on c-span. >> are you ready? we just finished a standing room only three-hour long caucus meeting in which the vice president not only roused the entire membership but also gave us a very thoughtful and detailed explanation of what has gone on and how it was that he and the president, working with democratic and republican leaders were able to come together on this compromise. we first want to say thank you to the vice president for being so gracious and, quite honestly, so frank in explaining the as much as he could about what has transpired over the last several weeks. we are now waiting to hear from our republican colleagues whether or not they want to do what the senate did in a v
what are your thoughts about the fiscal cliff? caller: it is a waste of time. they need to get into session and vote. start getting something done. let's go. they're just piddling around too long. they do not have anything settle debt. i mean, you know. host: how would you like to see the boat go? guest: at this point it does not matter. host: here come the democrats live coverage on c-span. >> are you ready? we just finished a standing room only three-hour long caucus meeting in which...
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Jan 1, 2013
01/13
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cliff deal not done at all. stay with cnn all day for the developing news on the fiscal cliff, we have a big house vote perhaps as this bill gets to the floor. as we say good-bye to 2012 thank you to all the people behind the scenes who make "starting point" possible. happy new year, everyone. ♪ ♪ ♪ ♪ ♪ should all acquaintance be forgot
cliff deal not done at all. stay with cnn all day for the developing news on the fiscal cliff, we have a big house vote perhaps as this bill gets to the floor. as we say good-bye to 2012 thank you to all the people behind the scenes who make "starting point" possible. happy new year, everyone. ♪ ♪ ♪ ♪ ♪ should all acquaintance be forgot
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Dec 27, 2012
12/12
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cliff. members have been promised 48 hours to review any deal before it goes to the floor for debate. let's take you live to the floor of the house. we see them just about to walk in the door. a quick reminder, we are expecting remarks from steny hoyer in about 20 minutes. we plan to bring you those lives. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: the house will be in order. the chair lays before the house a communication from the speaker. the clerk: the speaker's room, washington, d.c.,, december 27, 2012, i appoint steven latourette to act as speaker pro tempore on this day, signed john amplete boehner. speaker of the house of representatives. the speaker pro tempore: the prayer will be offered by our chaplain,
cliff. members have been promised 48 hours to review any deal before it goes to the floor for debate. let's take you live to the floor of the house. we see them just about to walk in the door. a quick reminder, we are expecting remarks from steny hoyer in about 20 minutes. we plan to bring you those lives. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house...
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Dec 27, 2012
12/12
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>> i agree with the notion that, of course, we're at mercy of the fiscal cliff talks, and i do think that the near term picture for equities is not looking very good because anybody who has any faith that these guys are going to get a deal done within the next couple of days i think is kidding themselves, as we've been kidding ourselves for the past couple of months. i worry about the bond picture in general simply because of the duration risk. i think, you know, the fund flow things that you talked about earlier, very important. we've seen the rush into bonds. i think that's coming to an end. equities and the fed pushing you there and the fed will get its way. >> very have to cut it short and signals we'll hear from mitch mcconnell soon. i'll see you coming up in a little bit on countdown, kathy, and jeff, we'll see you a little bit later as well. a quick break and then come back and senate republican leader mitch mcconnell is set to talk to reporters. maybe we'll get more ideas and light shed on what's going on in washington on the fiscal cliff. more after this. stay tuned. excuse
>> i agree with the notion that, of course, we're at mercy of the fiscal cliff talks, and i do think that the near term picture for equities is not looking very good because anybody who has any faith that these guys are going to get a deal done within the next couple of days i think is kidding themselves, as we've been kidding ourselves for the past couple of months. i worry about the bond picture in general simply because of the duration risk. i think, you know, the fund flow things that...
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Dec 29, 2012
12/12
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. >> if we get some deal with the fiscal cliff which i think we will and our politicians are the worst even a blind squirrel will occasionally find a nut. they will get this done sometime by january 15th or something like that. if they do not extend the debt ceiling you will have close to armageddon at the end of february and march. adam: spencer i take issue what about our politicians being the worst. our congress is the best congress money can buy. don't forget it. jonathan he is talking about armageddon because of the debt ceiling. i would be terrified if i were not in the market putting my toe in this. there will have to be buying opportunity if people panic and sell. >> which market, adam? that can be the story of 2003 and headlines are obviously scary they have a tendency to sell stocks and buy bonds. that is the safe move. i think the reverse will be true in 2013 and stocks will look quite attractive versus bonds. a highly manipulated market government stepped in and tried to hold interest rates low. once inflation starts to show its head, i think bonds, supposedly the safe asse
. >> if we get some deal with the fiscal cliff which i think we will and our politicians are the worst even a blind squirrel will occasionally find a nut. they will get this done sometime by january 15th or something like that. if they do not extend the debt ceiling you will have close to armageddon at the end of february and march. adam: spencer i take issue what about our politicians being the worst. our congress is the best congress money can buy. don't forget it. jonathan he is...
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Dec 31, 2012
12/12
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senator john mccain told me just a little while ago even if a fiscal cliff deal is done, the battle between the white house and congressional republicans is far from over. >> i think there's going to be a whole new field of battle when the debt ceiling rolls around. >> all right. let's dig a little bit deeper with ryan lizza. he's washington correspondent for the new yorker magazine. also ali velshi our chief correspondent is joining us. deal or no deal? >> looks like from what dana is reporting, that a deal is in sight. republicans are saying they're going to have a vote tonight. looks like a deal is done. >> with the senate. >> we don't know what the house will do. and the last time john boehner tried to put something on the floor, his caucus rebelled. he'd have to let the house vote its will. >> but you agree if the president of the united states supports it, most of the house democrats will support it. so you don't need a majority of the republicans, you need a few republicans to get to that magic number of 218. >> exactly. obama and pelosi seem to have a firm grasp on the house democra
senator john mccain told me just a little while ago even if a fiscal cliff deal is done, the battle between the white house and congressional republicans is far from over. >> i think there's going to be a whole new field of battle when the debt ceiling rolls around. >> all right. let's dig a little bit deeper with ryan lizza. he's washington correspondent for the new yorker magazine. also ali velshi our chief correspondent is joining us. deal or no deal? >> looks like from...
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Dec 24, 2012
12/12
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s a for the fiscal cliff talks, i'm told that there have been some fresh talks at the staff level but the hard work is not going to get done until lawmakers return to washington, that's expected to happen after the christmas holiday and at this point there's not a lot of time left and hopes for a grand bargain, president obama and house speaker boehner had been working on have all but evaporated right now. making sure that the steep tax hikes don't go in to effect. president obama on friday saying he would accept a deal as long as it does not allow taxes to go up on middle class americans, as long as it extends unemployment insurance and lays the groundwork for deficit reduction in the future. so there's sort of scaling back their expectations. house speaker boehner tried to get an alternative bill passed through the house last week. that failed. the focus shifts to the senate. reid and mcconnell will really be charged with trying to hammer out the fine details of that deal that can make it through the senate and through the house so that is the challenge moving forward. of course, pr
s a for the fiscal cliff talks, i'm told that there have been some fresh talks at the staff level but the hard work is not going to get done until lawmakers return to washington, that's expected to happen after the christmas holiday and at this point there's not a lot of time left and hopes for a grand bargain, president obama and house speaker boehner had been working on have all but evaporated right now. making sure that the steep tax hikes don't go in to effect. president obama on friday...
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Dec 28, 2012
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cliff, has a lot of the damage been done, brian? >> i think it has. that's a good point and i think what you need to do is put your trader hat on and say i'm going to trade this for a hope rally, but if you're a longer term investor i would use any type of rally to take any profits that i have because i think a lot of damage has been done over the last year. businesses have been paralyzed and now the consumer has been paralyzed. what advice do you have among people trying to invest amidst this uncertainty. >> i think long term they're much more important for factors at work than what happens with this budget deal. >> thank goodness. >>a you will we would do if we went over the cliff from a tax point of view is install the tax structure from the clinton administration. >> we'll show people right now that you like homebuilders and you like retailers, right? put that up. heebner likes retail, home building, what's the third one? automobiles. >> all early-cycle stocks. i like these stocks because the economy is going to be -- has a mult
cliff, has a lot of the damage been done, brian? >> i think it has. that's a good point and i think what you need to do is put your trader hat on and say i'm going to trade this for a hope rally, but if you're a longer term investor i would use any type of rally to take any profits that i have because i think a lot of damage has been done over the last year. businesses have been paralyzed and now the consumer has been paralyzed. what advice do you have among people trying to invest amidst...
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Jan 1, 2013
01/13
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cliff. >> but guess what? the house still has to look this whole thing over. what do you think they think? delia goncalves is live from capitol hill with the latest on the negotiations and a lot of people are saying mr. boehner is going to have a tough row to hoe coming up. good morning, delia. >> reporter: good morning. we know he had a very tough time passing his plan b through the house so we'll see if he's able to convince his congress members in the house to go along with this deal. but like you said, there's always a budget. and if -- always a butt. there -- always a but. this particular bill does not address any of the spending cuts. that certainly could be a problem when it heads over to the house a little later today. let's take a look at some video that was shot last night. the bill passed in the senate with an overwhelming 89-8 vote. around 2:00 p.m. the legislation keepthe bush era tax cuts for the majority of americans, all those in the middle class, raising taxes though oin com
cliff. >> but guess what? the house still has to look this whole thing over. what do you think they think? delia goncalves is live from capitol hill with the latest on the negotiations and a lot of people are saying mr. boehner is going to have a tough row to hoe coming up. good morning, delia. >> reporter: good morning. we know he had a very tough time passing his plan b through the house so we'll see if he's able to convince his congress members in the house to go along with this...
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Dec 30, 2012
12/12
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on the fiscal cliff. why this deal may not happen next. obviously a lot of attention tonight on the fiscal cliff. we're inside 30 hours until the expiration date on tax cuts. there are other important bits of business on capitol hill before the end of the year. in other words, in the next 30 hours or so. on friday, the senate approved a more than $60 billion bill to pay for construction costs for superstorm sandy. you see the video of that here. the house still needs to vote on that legislation. it isn't clear yet what the house is going to do. molly henneberg is live in d.c. there's a holdup in the house. what is it? >> the price tag. house republicans say it's too steep. a south carolina republican congressman said he and others want to help the people hurt by sandy but lawmakers need to figure out where the money's going to come from. >> it's not paid for. i know that's a difficult conversation to have but it's a necessary conversation. if we can't come together and figure out a way to stop spending so
on the fiscal cliff. why this deal may not happen next. obviously a lot of attention tonight on the fiscal cliff. we're inside 30 hours until the expiration date on tax cuts. there are other important bits of business on capitol hill before the end of the year. in other words, in the next 30 hours or so. on friday, the senate approved a more than $60 billion bill to pay for construction costs for superstorm sandy. you see the video of that here. the house still needs to vote on that...
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Dec 24, 2012
12/12
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the fiscal cliff talks, cabinet changes, what will define president obama's agenda at the first of the year? and has this last week done damage to john boehner and the republican party? and my round table will join me, representative jason chaffetz, harold ford, jr., andrea mitchell and chuck todd. back in a moment. >>> nobody gets a hundred percent of what they want. everybody's got to give a little bit in a sensible way. we move forward together or we don't move forward at all. so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. >> that was the president of course. we're back with our roundtable. joining me congress jason chaffetz of utah, former democratic congressman of tennessee, harold ford, jr., chuck todd and nbc correspondent andrea mitchell. welcome to all of you. all right, chuck. we'll talk about guns in a minute. let's talk about the fiscal cliff. are we going to get a deal here? >> we're going to get a small deal. it's a shame. you wonder is the only thing that could change things, the holidays, does it
the fiscal cliff talks, cabinet changes, what will define president obama's agenda at the first of the year? and has this last week done damage to john boehner and the republican party? and my round table will join me, representative jason chaffetz, harold ford, jr., andrea mitchell and chuck todd. back in a moment. >>> nobody gets a hundred percent of what they want. everybody's got to give a little bit in a sensible way. we move forward together or we don't move forward at all. so as...
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Dec 31, 2012
12/12
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so we'll be on fiscal cliff watch on fast money. hopefully we'll have a deal to talk about. it's also about 2013 trades. predictions on the commodity front. top trade in the internet space. all of our traders will be prepared to give their top trades, as well. and of course we have broadcasting tonight in times square, heart of the biggest party in the universe. >> good luck getting home. >> really. >> have a great new year. >> thank you. you, too. >> we'll see you in 2013. here's what you missed if you're just tuning in. >>> welcome to hour three of "squawk on the street." here's what's happening so far. >> the real question is whether or not the president will weigh in and push the democrats in the senate to move forward with a bill today. if that happens, then i think that we can solve this current challenge. >> we ought to be concentrating on how to get government out of the way. get them off the back of small and medium sized businesses, even large corporations. let our economy grow. >> the economy is an incredible ability to s
so we'll be on fiscal cliff watch on fast money. hopefully we'll have a deal to talk about. it's also about 2013 trades. predictions on the commodity front. top trade in the internet space. all of our traders will be prepared to give their top trades, as well. and of course we have broadcasting tonight in times square, heart of the biggest party in the universe. >> good luck getting home. >> really. >> have a great new year. >> thank you. you, too. >> we'll see you...
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Dec 28, 2012
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do you think that's taken kind of a bargaining chip away from the fiscal cliff negotiations? >> there seems to be some politics behind this announcement right now as we hit the ceiling. as you make the calculations, it seemed to me as if they were only going to hit the ceiling in february or march next year anyway. the fact that he comes out and says actually we're shutting the ceiling now and i have to make all these adjustments so we hit only in february seems to me that there is a bit of politics going on already and trying to increase the pressure on the republicans to agree at the year end. >> i wonder how much is priced into the markets. despite the fact that we're going partially over the cliff or doing the coyote/roadrunner thing in the air, i'm just not sure that we are necessarily going to see a huge move. among other things, it seems the market is tired of the political wrangling'. >> indeed. i think what is priced in is that this is priced in at a slope. it's something that's going accumulate over the year and is going to hit the gdp if it really hits over the cou
do you think that's taken kind of a bargaining chip away from the fiscal cliff negotiations? >> there seems to be some politics behind this announcement right now as we hit the ceiling. as you make the calculations, it seemed to me as if they were only going to hit the ceiling in february or march next year anyway. the fact that he comes out and says actually we're shutting the ceiling now and i have to make all these adjustments so we hit only in february seems to me that there is a bit...
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Jan 1, 2013
01/13
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what they have done, technically we have sailed over the fiscal cliff. the senate last night, a vote 89-89, passed a bill which will jack up taxes on america's most successful. now what it is doing making its way across the hall into the house. will they take it up later today? maybe. they're under no obligation. but there is a real good possibility, john boehner and company, republicans who voted down plan b will say, no, don't like it the way it is. brian: what is in it? what do we know? taxes won't go up for those making 250,000. won't go up over single person making 400. for a couple making 450,000. dividend and capital-gains taxes go from 15% to 20%. obamacare,.8%. if you know someone who died they have to give up 40% what they inherited over $5 million as opposed to 35%. they were saying that was going to be higher than that unemployment insurance, instead of six months, remain as year. juliet: here is basically how it went down. it was 89 8 vote. here is group voted against it. tom harkin, democrat iowa. tom carper. rand paul from kentucky. republ
what they have done, technically we have sailed over the fiscal cliff. the senate last night, a vote 89-89, passed a bill which will jack up taxes on america's most successful. now what it is doing making its way across the hall into the house. will they take it up later today? maybe. they're under no obligation. but there is a real good possibility, john boehner and company, republicans who voted down plan b will say, no, don't like it the way it is. brian: what is in it? what do we know?...